Tag: Bank of Korea (BOK)

South Korea central bank

South Korea’s Central Bank Cuts Interest Rate Amid Slower Growth Forecast

The Asia Live News Service - November 28, 2024
South Korea's central bank lowered its benchmark interest rate on Thursday for the second consecutive month. The Bank of Korea (BOK) cut its policy rate by 0.25 percentage points to 3%, signaling a shift towards more accommodative monetary policies in...
South Korea central bank

South Korea’s Central Bank Lowers Policy Rates for First Time in Four and a Half Years Amid Economic Concerns

The Asia Live News Service - October 11, 2024
South Korea's economic policy, the Bank of Korea (BOK) has cut its policy interest rate for the first time in four and a half years. The move signals a shift in focus from fighting inflation to stimulating economic growth in...